Vietnam’s two young and relatively tiny stock exchanges are out of sight and out of mind in the global marketplace, but soon they may merge into a slightly larger entity that eventually may get Vietnam listed for the first time on the pages of publications like the Wall Street Journal.
In the next few weeks, the government will consider cutting costs by merging the Hochiminh Stock Exchange (HOSE) with Hanoi Stock Exchange (HNX), both of which have been sluggish performers over the past year.
After the merger, Vietnam’s $30 billion market capitalization will still be just a drop in the global bucket — less than 0.1% of the $45 trillion for the world’s stock markets combined. So when Vietnam’s economy catches up with Japan, a country of about the same size, today’s Vietnam investor will realize a gain of 13,000%.
More on the merger of Vietnam’s stock markets